A flat fee agreement is a contract between a service provider and a client where the client pays a predetermined amount for a specific service instead of being charged by the hour or per project. This type of agreement is common in fields like law, consulting, and design.

While flat fee agreements can be beneficial for both parties, it’s important to have a comprehensive and clear contract that outlines the terms and conditions of the agreement. Below is a sample flat fee agreement that can be used as a template for creating your own contract.

[Company Name]

[Address]

[City, State ZIP Code]

[Phone number]

[Website]

Flat Fee Agreement

This agreement is made between [Client Name] and [Company Name] (the “Service Provider”) for the purpose of providing the following services:

[Describe the scope of the project or service, including any milestones or deliverables.]

Fee

The Service Provider agrees to provide the services listed above for a flat fee of [Dollar amount] payable in [installment schedule, if any]. The Client agrees to pay the fee in full upon completion of the services or as outlined in the installment schedule.

Payment Terms

The Client agrees to pay the Service Provider in a timely manner according to the payment schedule outlined in this agreement. Late payments may result in additional fees and/or the suspension of services until payment is received.

Cancellation and Refunds

Either party may cancel this agreement at any time for any reason with written notice to the other party. The Service Provider will retain a portion of the fee as outlined in the following refund policy:

[Describe your refund policy, if any.]

Intellectual Property

The Service Provider retains all rights to any work created or developed during the course of this agreement including, but not limited to, intellectual property rights. The Client is granted a non-exclusive license to use any work product delivered as part of this agreement for the purpose outlined in the scope of work.

Confidentiality

Both parties agree to keep any confidential information shared during the course of this agreement confidential and not to disclose it to any third party without prior written consent.

Liability

The Service Provider is not liable for any damages or losses incurred by the Client as a result of the services provided. The Client assumes all risks associated with the use of any work product delivered as part of this agreement.

Governing Law

This agreement shall be governed by the laws of [State] and any disputes arising under this agreement shall be resolved through binding arbitration.

Entire Agreement

This agreement constitutes the entire understanding between [Client Name] and [Company Name] and supersedes all prior discussions and agreements between them. No modification or amendment to this agreement shall be effective unless in writing and signed by both parties.

By signing below, the parties agree to the terms and conditions of this flat fee agreement.

[Client Name] [Company Name]

[Signature] [Signature]

[Printed Name] [Printed Name]

[Date] [Date]

Conclusion

A well-crafted flat fee agreement can ensure that both parties understand their responsibilities and protect each other’s interests. Use this sample agreement as a starting point and customize it to fit the specific needs of your project or service. Remember, the more detailed and comprehensive the agreement is, the less risk there is for misunderstandings and conflict down the road.